On New Year’s Eve, it was reported that 34-year-old Cao Xin, known as the “Chinese Stock God,” died after falling from a building. This news has been confirmed by Chinese official media, and the official cause of death has been confirmed as psychological factors. However, there are rumors on the internet that suggest the tragedy was caused by a 60% drop in A-shares and high-interest loans.
Background:
There have been rumors in the cryptocurrency community about a couple in Bali who died mysteriously due to “cryptocurrency-related reasons.” Can this be trusted?
In addition, the vice president of Bithumb, the largest shareholder in Korea, committed suicide by jumping from a building. He was accused of corruption, embezzlement of public funds, and stock price manipulation.
On Chinese New Year’s Eve, a tragic investment incident occurred. Cao Xin, only 34 years old and known as the “Stock God,” reportedly jumped from a building to his death due to being unable to repay high-interest loans. This news has shocked the investment community, as the Chinese technology A-shares have recently plummeted by 60%, causing a market value loss of over 2 trillion USD. This has led to lamentations from stockholders and the investment community. Cao Xin’s case has garnered particular attention.
In the past, Cao Xin often shared investment-related content on Weibo. He would also share his hobbies such as running, marathons, and travel, giving the impression of a fulfilling and healthy life. According to the Chinese media outlet Caixin, it has been confirmed that Cao Xin passed away on January 31 due to personal mental health reasons, at the age of 34.
It is understood that Shanghai Tianli Capital, founded by Cao Xin, is a private equity fund management institution for many local governments and institutions in China. It specializes in advanced processes, artificial intelligence, industrial software, new energy, and other fields. It is known for its willingness to accept new technologies and has gained fame in the Chinese community for its high performance and private equity results. It has been given titles such as the “King of Equity Investment” and “Stock God.” According to the China Securities Fund Association, Tianli Capital has an asset size of approximately 500 million RMB.
Cao Xin often shared photos of his healthy lifestyle, giving the impression of a fulfilling life.
In his last message before his death, which was dated January 28, Cao Xin talked about focusing on the Indonesian market overseas, mentioning many good investment opportunities. Several months ago, he also suddenly posted about the impermanence of life, saying, “No regrets about the past, no anxieties about the future. We only have the present moment. The standard of living in the present is: If we were to die in the next moment, we would have no regrets.”
According to a Chinese investment group, it is suspected that Cao Xin was pursued because of borrowing money at high interest rates and using leverage. However, some netizens in the group claimed that the failure in A-shares was one of the reasons, but it was the borrowing at high interest rates for digital assets overseas that ultimately led to the loss. However, the authenticity of these claims cannot be confirmed.
Tianli Capital responded by stating, “Tianli Quantitative Private Equity Company is not involved in leveraged investments as mentioned online. Tianli was established in 2016 and focuses on primary market equity venture capital.” Although this statement clarifies that it is unrelated to Tianli Capital, it does confirm the existence of rumors about foreign debts and leveraged investments. However, the specific projects in which Cao Xin invested cannot be determined.
Cao Xin, who was hailed as the “Stock God” by netizens at the young age of 34, serves as a stark reminder to investors of the drastic changes in the macro market and the dangers of excessive leverage, which can lead to tragic outcomes.
Dynamically reminds readers that investing carries risks and advises them to carefully evaluate and not blindly pursue returns, in order to avoid losing both their wealth and their lives.
Related reports:
Trader Xiao Ming, who gave up suicide: Created his own meme coin “FeedBack Community” and disappeared after dumping the market.
Vice President of Bithumb, the largest shareholder in Korea, commits suicide by jumping from a building. Accused of corruption, embezzlement of public funds, and stock price manipulation.
Fraud prevention: Correct interpretation and clarification of the “cryptocurrency regulations by the Financial Supervisory Commission in September”! Beware of being misled by “false news” FUD.